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| Update Time: 08 May 2025 17:15GMT |
SPOT GOLD DAILY OUTLOOK - +$ 3300.00+ |
Gold's intra-day selloff fm 3414.70 to as low as
3289.10 in NY on risk-on trading due to easing
tariffs tension suggests decline fm 3434.90 (Tue)
remains in progress n weakness to 3270/3272, then
3245/3250 would be seen but break is needed to
yield re-test of last Thur's trough at 3202.10.
In view of abv analysis, trade fm short side for
3300.00 handle first as only a daily close abv
3330/3335 prolongs choppy swings, risks 3365/3370.
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| Rate: |
+$ 3300.00+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 3360.00+ |
| Objective: |
3300.00 |
| Stop-Loss: |
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MARKET REVIEW ON 10 May 2025 02:49 GMT |
Dollar set for weekly gain amid US trade deal optimism |
The following currency report was taken from LSEG :
The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-UK trade deal increased optimism about upcoming U.S.-China talks.
Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in Switzerland.
President Donald Trump announced on Thursday a U.S.-UK trade deal that left in place a 10% baseline tariff on British goods, but lowered ...
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MARKET MOVING NEWS
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All times in GMT |
| 9 May 2025 |
11:28 |
USD/MAJORS - LSEG news, citing source from Truth Social, U.S. President Trump says :
- China should open up its market to USA
- 80% tariff on China seems right
..... |
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| 9 May 2025 |
09:56 |
Continues from previous update...
Barr's remarks largely echoed the steer from Fed Chair Jerome Powell on Wednesday, after the U.S. central bank held short-term borrowing costs steady and signaled a wait-and-see approach on rate-setting.
Monetary policy, Barr said, is "in a good position to adjust..... |
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| 9 May 2025 |
09:55 |
USD/MAJORS... LSEG reported U.S. President Donald Trump's trade policies will likely lift inflation, lower growth, and raise unemployment later this year, Federal Reserve Governor Michael Barr said, leaving policymakers with a potentially tricky decision on which problem to fight.
"The size and sco..... |
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ECONOMIC INDICATORS FOR 12/05/2025 |
All times in GMT |
| Time |
Country |
Indicator |
Actual |
Forecast |
Range |
Previous |
Revised |
|
| 2350 |
Japan |
Current Accounts NSA JPY - Mar |
|
3,678.0B |
3069/4485 |
4,060.7B |
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| 2350 |
Japan |
Current Accounts, Goods - Mar |
|
N/A |
N/A |
712.881B |
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| 0500 |
Japan |
Eco Watchers Current - Apr |
|
N/A |
N/A |
45.1 |
|
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| 0500 |
Japan |
Eco Watchers Outlook - Apr |
|
N/A |
N/A |
45.2 |
|
|
| 1000 |
EU |
Eurogroup Meeting |
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|
|
| 1800 |
U.S. |
Federal Budget USD - Apr |
|
126.02M |
120.8/137.0 |
122.47M |
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| Update Time: 27 Mar 2025 05:28 GMT |
EUR/USD - 1.0779 |
Despite euro's rise to a 5-month peak of 1.0954 last Tue, loss of momentum and subsequent fall to 1.0778 Tue, then to 1.0745 in New York yesterday on renewed usd's strength suggests a temporary top is made and intra-day rebound would yield consolidation before prospect of another fall towards 1.0720/25, 1.0677/80.
On the upside, a daily close above 1.0820/30 would risk stronger retracement to 1.0858/61, break, 1.0890/95 later. |
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DAILY GBP/USD TECHNICAL OUTLOOK |
All times in GMT |
| Last Update At 01/11/2023 03:16 GMT |
| Trend Daily Chart |
Daily Indicators |
21 HR EMA |
55 HR EMA |
| Sideways |
Rising |
1.2147 |
1.2145 |
| Trend Hourly Chart |
Hourly Indicators |
13 HR RSI |
14 HR DMI |
| Near term down |
Neutral |
45 |
-ve |
| Daily Analysis |
| Consolidation with downside bias |
| Resistance |
Support |
1.2233 - Hourly chart
1.2201 - Tue's high
1.2175 - Mon's high | 1.2120 - Tue's low
1.2090 - Mon's low
1.2070 - Last Thur's low |
| . GBP/USD - 1.2141..Although cable rose fm 1.2138 in Asia to as high as
1.2201 in Europe on Tue, price erased intra-day gains n then tumbled to session
lows of 1.2120 in NY on renewed usd's strength b4 recovering to 1.2155.
. On the bigger picture, despite cable's brief break of 2016 post-Brexit
low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven
usd's dema..... |
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